Conocophillips news

Here are some recent news articles and updates about ConocoPhillips:

Recent News

  1. ConocoPhillips to Acquire Shell's Permian Basin Assets: ConocoPhillips has agreed to acquire Royal Dutch Shell's Permian Basin assets in Texas and New Mexico for $9.5 billion. The deal is expected to close in the second half of 2023. (Source: Reuters, February 2023)
  2. ConocoPhillips Reports Strong Q4 Earnings: ConocoPhillips reported a 34% increase in fourth-quarter earnings, driven by higher oil prices and increased production. The company's net income rose to $1.4 billion, or $1.14 per share. (Source: CNBC, February 2023)
  3. ConocoPhillips to Invest $1.1 Billion in Alaska's Willow Project: ConocoPhillips has announced plans to invest $1.1 billion in the Willow oil project in Alaska, which is expected to produce up to 120,000 barrels of oil per day. The project is expected to create hundreds of jobs and generate significant revenue for the state. (Source: Alaska Journal of Commerce, January 2023)
  4. ConocoPhillips to Sell Its Canadian Oil Sands Assets: ConocoPhillips has agreed to sell its Canadian oil sands assets to Cenovus Energy for $975 million. The deal is expected to close in the second half of 2023. (Source: Bloomberg, January 2023)

Recent Developments

  1. ConocoPhillips' Carbon Capture and Storage Project: ConocoPhillips is developing a carbon capture and storage (CCS) project in Alberta, Canada, which is expected to capture up to 1 million tons of CO2 per year. The project is part of the company's efforts to reduce its carbon footprint. (Source: ConocoPhillips website, January 2023)
  2. ConocoPhillips' Offshore Drilling Operations: ConocoPhillips has announced plans to increase its offshore drilling operations in the Gulf of Mexico, with plans to drill up to 10 new wells in the region. The company is also investing in new drilling technology to improve efficiency and reduce costs. (Source: Offshore Magazine, December 2022)
  3. ConocoPhillips' Renewable Energy Investments: ConocoPhillips has announced plans to invest in renewable energy projects, including wind and solar power. The company aims to reduce its reliance on fossil fuels and increase its use of renewable energy sources. (Source: ConocoPhillips website, November 2022)

I hope this information is helpful!